B. Riley lowered the firm’s price target on Global Net Lease to $13.50 from $15 and keeps a Buy rating on the shares. The analyst updated the company’s model post the Q3 report. Once investors get a quarter or two of actual combined Global Net Lease results and a management outlook, they will start to narrow the “sizable valuation gap between GNL and other publicly traded net lease REITs,” the analyst tells investors in a research note.
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